The pre-approved loan offer you receive is the best offer available to your business at that time. If approved, once you have accepted an offer, we’re not able to modify the loan amount.
You may be offered a net top-up toward the end of the life of a loan. A net top-up is a second loan, part of which is used to pay off the remaining balance of the current loan. If eligible, you will see the net top-up offer displayed in your payment dashboard.
For example, you have a loan of $10,000. You have paid back $8,000 of this loan, and you are approved for a $15,000 net top-up. After accepting the $15,000 offer, you will receive a total of $13,000 in your bank account after $2,000 is deducted to pay off the remaining balance of the original $10,000 loan.
All loans are issued by Celtic Bank. All loans and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice. Bank transfers are subject to review.
Loans are governed by the Loan Agreement and Parafin’s Privacy Policy. Bank transfers are subject to review.